ANALYSIS
NQ100 Finds Support from PPIApr 14
BTCUSD Falls After NFP
The fact that the increase in non-farm employment in the USA in the period of May is above the market expectations increases the concerns about the monetary tightening based on the FED, causing selling pressure in Bitcoin. When we examine it technically, we follow the rising wedge lower band 28 thousand 500 dollars in terms of the continuity of the relaxation in crypto money. Breakdowns in this region may bring the support levels of 26 thousand 750 and then 25 thousand dollars to the agenda. Otherwise, 30 thousand 700 dollars can be considered a resistance to possible reaction purchases.
